Deep Cut In 2020 Pure Premium Rates
In his first workers’ comp advisory pure premium rate decision, Insurance Commissioner Ricardo Lara sided with both employers and organized labor. He approved a 9% rate cut for 2020 — …
Tagged in: Insurance Commissioner Ricardo Lara
Commissioner Lara Faces First Test On Workers’ Comp Rates
California Insurance Commissioner Ricardo Lara is in the midst of his first review of the industry’s annual workers’ comp rate filing. He is facing a tough decision: go with the …
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Four Workers’ Comp Classifications Become Two
The Workers’ Compensation Insurance Rating Bureau’s Classification and Rating Committee approved a staff proposal to merge two classifications with relatively low credibility into two other classes as of Jan. 1, …
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Yawn: Berkshire Finally Unloads Troubled Applied Underwriters’
Warren Buffet’s Berkshire Hathaway companies announced in a filing with the Securities and Exchange Commission that is has unloaded its 81% share of AU Holding Company that owned California Insurance …
Applied Underwriters- Is the Sale In Trouble?
The Iowa Insurance Department has approved the sale of the Applied Underwriters’ related companies but with very telling conditions. California and Texas officials have, so far, not approved the deals. …
Lichtenegger Demands CDI Hold Funds From Applied Carriers
The imbroglio encompassing embattled California Insurance Commissioner Ricardo Lara and his numerous favorable decisions concerning the Applied Underwriters’ EquityComp Program continues. Lara accepted money from individuals with ties to Applied …
Ricardo Lara: Was it Money Laundering & Bribery?
The public advocacy group Consumer Watchdog is calling for a criminal investigation of California Insurance Commissioner Ricardo Lara. Of interest are Lara’s interactions with Applied Underwriters CEO Steve Menzies and …
State Fund’s Tiered Rating Under Fire
The employer at the center of a dispute between State Compensation Insurance Fund and Insurance Commissioner Ricardo Lara over State Fund’s tiered rating system is asking a court of appeal …
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